Re:Statement from Scarlett Johansson on the OpenAI "Sky" voice
by ben_w on Tuesday May 21, 2024 @10:32AM
(#40428985)
Wrong framing, currencies don't have agency. You should be asking when would you need your currency to be devalued, regardless of what it's called or made from.
And the answer to that is all the reasons governments do just that, except for the times where the government is being particularly stupid and doing hyperinflation.
Re:Statement from Scarlett Johansson on the OpenAI "Sky" voice
by bavell on Tuesday May 21, 2024 @10:37AM
(#40429066)
Not a very convincing answer at all.
Re:Statement from Scarlett Johansson on the OpenAI "Sky" voice
by ben_w on Tuesday May 21, 2024 @10:38AM
(#40429085)
What would a convincing answer look like?
Re:Statement from Scarlett Johansson on the OpenAI "Sky" voice
by freejazz on Tuesday May 21, 2024 @02:54PM
(#40432350)
Convincing to who? It's not like crypto is widely used as currency anywhere
Re:Statement from Scarlett Johansson on the OpenAI "Sky" voice
by CRConrad on Tuesday May 28, 2024 @11:43AM
(#40501884)
There's a difference between the answer being unconvincing to people who understand it and not understanding the answer.
Re:Statement from Scarlett Johansson on the OpenAI "Sky" voice
by petters on Tuesday May 21, 2024 @06:14PM
(#40434709)
When the economy grows, the amount of currency needs to grow as well. Otherwise prices will fall (deflation). That hurts the economy as a whole because e.g. real wages might increase too much
When and why would BTC or ETH need to print unlimited money and devalue themselves?